[Foundation-l] EFF & Bitcoins

[teun spaans]

On Thu, Jun 23, 2011 at 2:18 AM, Alec Conroy <alecmconroy at gmail.com> wrote:

> On  Bitcoin--  we (and the web in general) desperately need a
> zero-overhead micropayment system of some kind.
>

Both wikimedia and the web could indeed use a free micropayment system very
well. It doesn' t need to be bitcoin as a currency, and it doesn' t need to
be bitcoin  as a payment system.

Free payments, that is, payments weher no fee is deducted for the processing
of the payment, would probably make a hugh difference for wikimedia and
donation driven websites and institutions. An added bonus for the usage of
bitcoins is that there is no controlling power. The US government was able
to have shut down virtual all payments to wikileaks, and other institutions
might in the future suffer the same fate.
Mind you, I'm not against the USA, against governments, or against
government regulation of financial markets, but it would be good for freedom
if 1 government can not single handedly block all funding - worldwide.

Teun